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Institutional Venture Partners (IVP) is a venture capital firm founded in 1980 and headquartered in San Francisco, California. Over the past four decades, IVP has established itself as one of the most prominent late-stage growth venture capital firms in Silicon Valley. The firm has made over 400 investments and has been involved in more than 130 IPOs, showcasing its strong track record in identifying and supporting companies that define their eras.
IVP manages approximately $7 billion in cumulative committed capital across its funds, with its latest fund, IVP XVIII, raising $1.6 billion in 2024. This fund is the largest in the firm's history and continues the trend of upsizing seen in previous funds. The firm operates across North America and Europe, allowing it to tap into a broad range of high-growth technology sectors.
IVP's portfolio includes 248 companies, with a focus on sectors such as artificial intelligence, fintech, healthcare, SaaS, consumer technology, and cybersecurity. The firm is known for its deep industry expertise and extensive network, which it leverages to add value to its portfolio companies.
IVP primarily invests in high-growth technology companies at the Series B and C stages, concentrating on sectors that include artificial intelligence, fintech, healthcare, SaaS, consumer technology, and cybersecurity. The firm targets approximately 10-12 of the fastest-growing late-stage tech companies each year, aiming to support them as they scale from millions to hundreds of millions in revenue.
Investment checks typically range from $20 million to over $100 million, reflecting IVP's strategy of entering at critical growth stages. The firm often participates in follow-on funding rounds, providing continued support as companies approach pre-IPO stages. IVP's investment thesis emphasizes backing breakout companies that are poised for significant growth, particularly those at critical inflection points.
IVP's portfolio features a mix of notable companies that have achieved significant milestones, including:
Historically, IVP has backed industry leaders such as Uber, Snap, Twitter, Dropbox, and Netflix, demonstrating its ability to identify and invest in companies that define their respective markets.
Todd Chaffee - General Partner with over 18 years at IVP, recognized as a top VC by NYT/CB Insights.
Jules Maltz - General Partner with over 10 years of experience, also ranked among the top VCs.
Somesh Dash - General Partner with expertise in late-stage investments.
Norm Fogelsong - General Partner with a strong background in technology investments.
Steve Harrick - General Partner known for his work in scaling technology companies.
Eric Liaw - General Partner with a focus on high-growth sectors.
Sandy Miller - General Partner with extensive experience in venture capital.
Ajay Vashee - Investor with a background in technology and finance.
Alejandro Gomez - Investor specializing in high-growth technology sectors.
Alex Lim - Investor with experience in late-stage growth.
Bala Sathiamurthy - Investor focused on technology investments.
Blair Shane - Investor with expertise in scaling startups.
Cack Wilhelm - Investor with a strong background in venture capital.
Clay Berger - Investor with experience in technology sectors.
Cynthia Lai - Investor focused on high-growth companies.
Jimena Nowack - Investor with expertise in late-stage investments.
To pitch IVP, founders should use the contact email pr@ivp.com or submit through their website at ivp.com. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and growth strategy. IVP prefers to see clear metrics that demonstrate traction and potential for significant growth.
Response times may vary, but founders should expect to hear back within a few weeks. Warm introductions are beneficial, as they can help establish credibility with the firm.
In 2024, IVP raised its largest fund to date, IVP XVIII, totaling $1.6 billion, which reflects the firm's continued commitment to late-stage growth investments.
Recent investments from Fund XVIII include LangChain, an AI application framework, and Lumafield, which specializes in industrial CT scanning technology.
IVP also participated in Series E funding for Kalshi, an event contract marketplace, and made follow-on investments in Whoop, a wearable health tech company.
What are IVP's investment criteria?
IVP focuses on high-growth technology companies at the Series B and C stages, particularly in sectors like AI, fintech, healthcare, SaaS, consumer technology, and cybersecurity. The firm looks for companies that have demonstrated initial traction and are poised for significant growth.
How can I pitch to IVP?
Founders can pitch IVP through their website at ivp.com or by emailing pr@ivp.com. It is recommended to include a clear business model, market opportunity, and growth strategy in the pitch deck.
What makes IVP different from other VCs?
IVP has a long history of successful investments, with over 400 investments and more than 130 IPOs. The firm has a strong focus on late-stage growth, providing extensive resources and support to help companies scale effectively.
What is IVP's geographic focus?
IVP primarily invests in companies located in North America and Europe, allowing it to tap into diverse markets and industries.
What is the typical check size for IVP?
IVP typically invests between $20 million and $100 million in its initial funding rounds, reflecting its focus on late-stage growth companies.
How involved is IVP post-investment?
IVP is actively involved with its portfolio companies, often participating in follow-on funding rounds and providing strategic guidance as companies approach pre-IPO stages.
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